About Illinois Growth and Innovation Fund
Established by Illinois Treasurer Michael W. Frerichs, the Illinois Growth and Innovation Fund (ILGIF) is an evergreen, $1 billion impact investment fund that will invest in ways to attract, assist and retain quality technology-enabled businesses in Illinois. We do this by making targeted investments with venture capital (VC), growth equity and private venture debt firms with a nexus to the State of Illinois. ILGIF aims to invest more than $1 billion on a continuing and recurring basis creating an estimated 60,000 jobs per investment cycle. ILGIF has been at the forefront of increasing equity, diversity, and inclusion within the venture capital ecosystem, with 40% of its committed capital invested with venture capital firms led by women and people of color. Learn more at www.ilgif.com.